Academy Yard
Odenton, Maryland

PROJECT DETAILS

FLATS170, THE INITIAL PHASE OF DEVELOPMENT

  • 370,000 SF class A residential development
  • 369 apartments

JOINT VENTURE PARTNER

  • Bozzuto Development

PROJECT COST

  • $74 million

YEAR COMPLETED

  • 2014
See Project Description

PROJECT DESCRIPTION

Academy Yard is a 55-acre mixed-use development located on a former one million square foot manufacturing facility set in the heart of the Odenton Town Center in Anne Arundel County, Maryland. StonebridgeCarras assembled the site in three separate transactions from 2006-2008, and planned, rezoned and commenced development of what will ultimately be an 800,000 square foot development with roughly 650 class A apartments units and 150,000 square feet of quality retail/commercial space. The project is in close proximity to the Odenton MARC Commuter Rail Station and Fort George G. Meade (the largest employment center in the state of Maryland), and is strategically located approximately 30 minutes from Washington, Baltimore and Annapolis.

The first phase of the project, known as Flats170 at Academy Yard, was developed in a joint venture with Bozzuto Development, and sets the tone for this high-profile development with its abundant amenities, high-end finishes and energy-efficient systems. Located on a former industrial site, Flats170 required extensive environmental evaluation prior to design and construction, and received a Certificate of Completion through the Maryland Department of the Environment Voluntary Cleanup Program. The project also achieved LEED® Silver for Homes Multifamily Mid-rise Certification. Construction began in 2012 and was fully stabilized within a year of completion, achieving the some of the highest rents in the region.

Academy Yard
Odenton, Maryland

PROJECT DETAILS

FLATS170, THE INITIAL PHASE OF DEVELOPMENT

  • 370,000 SF class A residential development
  • 369 apartments

JOINT VENTURE PARTNER

  • Bozzuto Development

PROJECT COST

  • $74 million

YEAR COMPLETED

  • 2014
See Project Description

PROJECT DESCRIPTION

Academy Yard is a 55-acre mixed-use development located on a former one million square foot manufacturing facility set in the heart of the Odenton Town Center in Anne Arundel County, Maryland. StonebridgeCarras assembled the site in three separate transactions from 2006-2008, and planned, rezoned and commenced development of what will ultimately be an 800,000 square foot development with roughly 650 class A apartments units and 150,000 square feet of quality retail/commercial space. The project is in close proximity to the Odenton MARC Commuter Rail Station and Fort George G. Meade (the largest employment center in the state of Maryland), and is strategically located approximately 30 minutes from Washington, Baltimore and Annapolis.

The first phase of the project, known as Flats170 at Academy Yard, was developed in a joint venture with Bozzuto Development, and sets the tone for this high-profile development with its abundant amenities, high-end finishes and energy-efficient systems. Located on a former industrial site, Flats170 required extensive environmental evaluation prior to design and construction, and received a Certificate of Completion through the Maryland Department of the Environment Voluntary Cleanup Program. The project also achieved LEED® Silver for Homes Multifamily Mid-rise Certification. Construction began in 2012 and was fully stabilized within a year of completion, achieving the some of the highest rents in the region.

Academy Yard
Odenton, Maryland

PROJECT DETAILS

FLATS170, THE INITIAL PHASE OF DEVELOPMENT

  • 370,000 SF class A residential development
  • 369 apartments

JOINT VENTURE PARTNER

  • Bozzuto Development

PROJECT COST

  • $74 million

YEAR COMPLETED

  • 2014

Academy Yard is a 55-acre mixed-use development located on a former one million square foot manufacturing facility set in the heart of the Odenton Town Center in Anne Arundel County, Maryland. StonebridgeCarras assembled the site in three separate transactions from 2006-2008, and planned, rezoned and commenced development of what will ultimately be an 800,000 square foot development with roughly 650 class A apartments units and 150,000 square feet of quality retail/commercial space. The project is in close proximity to the Odenton MARC Commuter Rail Station and Fort George G. Meade (the largest employment center in the state of Maryland), and is strategically located approximately 30 minutes from Washington, Baltimore and Annapolis.

The first phase of the project, known as Flats170 at Academy Yard, was developed in a joint venture with Bozzuto Development, and sets the tone for this high-profile development with its abundant amenities, high-end finishes and energy-efficient systems. Located on a former industrial site, Flats170 required extensive environmental evaluation prior to design and construction, and received a Certificate of Completion through the Maryland Department of the Environment Voluntary Cleanup Program. The project also achieved LEED® Silver for Homes Multifamily Mid-rise Certification. Construction began in 2012 and was fully stabilized within a year of completion, achieving the some of the highest rents in the region.